Democrats Pass Bill That Will Increase The Cost Of Fuel

Democrats, in late July, passed a bill that among many things will increase the cost of gasoline by imposing a fee of $2 per barrel of oil on all producers who lease lands for such activities.

1

Democrats Pass Bill That Will Increase The Cost Of Fuel

Welcome visit Our WebSite:

http://www.boogai.net

More Press Release

• The $1.8 Trillion Tax Increase
• Conservative Republican Strategy for Debt Limit Increase and 2012 Budget Battle
• The History Of Memorial Day
• The Bernanke Inflation
• The Constitution No Longer Taught In Florida High Schools

FOR IMMEDIATE RELEASE
Fort Walton Beach, Florida, United States of America (Free-Press-Release.com) September 28, 2010 --HR 3534 is the bill number, and CLEAR ACT is its name, and bi-partisan support came from those that opposed its passage. This bill, if passed in the Senate, will impose a $2 fee for every barrel of oil produced from lands leased from the U.S. This fee means that all foreign oil will cost $2 a barrel less until the year 2040 putting American oil producers at a fiscal disadvantage to their foreign counterparts. Oil produced from these lands will cost Americans on average 5 cpg (cents per gallon) more than foreign oil.

The national average that Americans pay in taxes per gallon of gas is 47.7 cpg and now with this bill and others coming it is expected to easily pass 50.0 cpg in the near future.

Read more at:

Boogai

More information can be found online at http://www.boogai.net

Boogai     Clear Act     Fuel tax     oil